Better Buy: Tesla vs. BMW
The auto business may be in the biggest transition period we've seen in decades. Sales in the U.S. and Europe are expected to plunge 60% to 80%, according to LMC Automotive, which follows a more than 40% drop in March. The economic slowdown caused by COVID-19 could also have a long-lasting impact on the workforce, with 26 million people filing for unemployment in the last five weeks alone.
Automakers such as BMW (OTC: BAMXF) (OTC: BMWYY) and Tesla (NASDAQ: TSLA) have shut down plants and are trying to save as much money as possible, but it's going to be a rough road ahead. Here's how I think these two companies will handle the challenges, and which one is the better stock for investors when the economy recovers.
Image source: Tesla.
Source Fool.com
